Question: Using the data that follow, compute the aggregate index numbers for the four types of meat. Let 1995 be the base year for this market

Using the data that follow, compute the aggregate index numbers for the four types of meat. Let 1995 be the base year for this market basket ofgoods.

Year 2002 1.40 2.15 2.68 3.10 Items 1995 2013 Ground beef (per lb.) Sausage (per lb.) Bacon (per lb.) Round steak (per lb.) 1.53 2.21 1.92 3.38 2.17 2.51 2.60 4.00

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Year 1995 2002 2013 153 140 217 221 215 251 192 268 260 ... View full answer

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